by The global aerospace market size was estimated to be around US$ 321.5 billion in 2022. It is projected to reach US$ 678.17 billion by 2032, indicating a CAGR of 7.80% from 2023 to 2032.
Key Takeaways
- North America contributed more than 46% of revenue share in 2022.
- Asia-Pacific region is estimated to expand the fastest CAGR between 2023 and 2032.
- By Type, the Commercial Aircraft segment has held the largest market share of 43.5% in 2022.
- By Type, the Aerospace Support segment is anticipated to grow at a remarkable CAGR of 8.5% between 2023 and 2032.
- By Size, the Narrow Body segment generated over 78.2% of revenue share in 2022.
- By Size, the Wide Body segment is expected to expand at the fastest CAGR over the projected period.
- By End-user, the Private Sector segment had the largest market share of 65.4% in 2022.
- By End-user, the Government Sector segment is expected to expand at the fastest CAGR over the projected period.
- By Operation, the Manual Aircraft segment generated over 68.5% of revenue share in 2022.
- By Operation, the Autonomous Aircraft segment is expected to expand at the fastest CAGR over the projected period.
The market research report on the Aerospace market provides a comprehensive analysis of various key aspects. It includes the definition, classification, and application of Aerospace products. The report examines the development trends, competitive landscape, and industrial chain structure within the industry. Furthermore, it presents an overview of the industry, analyzes national policies and planning, and offers insights into the latest market dynamics and opportunities at a global level.
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Aerospace Market Scope
| Report Coverage | Details |
| Growth Rate from 2023 to 2032 | CAGR of 7.80% |
| Market Size in 2023 | USD 344.97 Billion |
| Market Size by 2032 | USD 678.17 Billion |
| Largest Market | North America |
| Base Year | 2022 |
| Forecast Period | 2023 to 2032 |
| Segments Covered | By Type, By Size, By End User, and Operation |
| Regions Covered | North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa |
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The report presents the volume and value-based market size for the base year 2022 and forecasts the market’s growth between 2023 and 2032. It estimates market numbers based on product form and application, providing size and forecast for each application segment in both global and regional markets.
Focusing on the global Aerospace market, the report highlights its status, future forecasts, growth opportunities, key market players, and key market regions such as the United States, Europe, and China. The study aims to present the development of the Aerospace market by considering factors like Year-on-Year (Y-o-Y) growth, in addition to Compound Annual Growth Rate (CAGR). This approach enables a better understanding of market certainty and the identification of lucrative opportunities.
Regarding production, the report investigates the capacity, production, value, ex-factory price, growth rate, and market share of major manufacturers, regions, and product types. On the consumption side, the report focuses on the regional consumption of Aerospace products across different countries and applications.
Buyers of the report gain access to verified market figures, including global market size in terms of revenue and volume. The report provides reliable estimations and calculations for global revenue and volume by product type from 2023 to 2032. It also includes accurate figures for production capacity and production by region during the same period.
The research includes product parameters, production processes, cost structures, and data classified by region, technology, and application. Furthermore, it conducts SWOT analysis and investment feasibility studies for new projects.
This in-depth research report offers valuable insights into the Aerospace market. It employs an objective and fair approach to analyze industry trends, supporting customer competition analysis, development planning, and investment decision-making. The project received support and assistance from technicians and marketing personnel across various links in the industry chain.
The competitive landscape section of the report provides detailed information on Aerospace market competitors. It includes company overviews, financials, revenue generation, market potential, research and development investments, new market initiatives, global presence, production sites, production capacities, strengths and weaknesses, product launches, product range, and application dominance. However, the data points provided only focus on the companies’ activities related to the Aerospace market.
Prominent players in the market are expected to face tough competition from new entrants. Key players are targeting acquisitions of startup companies to maintain their dominance. The report
Reasons to Purchase this Report:
- Comprehensive market segmentation analysis incorporating qualitative and quantitative research, considering the impact of economic and policy factors.
- In-depth regional and country-level analysis, examining the demand and supply dynamics that influence market growth.
- Market size in USD million and volume in million units provided for each segment and sub-segment.
- Detailed competitive landscape, including market share of major players, recent projects, and strategies implemented over the past five years.
- Comprehensive company profiles encompassing product offerings, key financial information, recent developments, SWOT analysis, and employed strategies by major market players.
Aerospace Market Players
- Boeing Company
- Airbus SE
- Lockheed Martin Corporation
- Northrop Grumman Corporation
- Raytheon Technologies Corporation
- General Dynamics Corporation
- Safran S.A.
- BAE Systems plc
- Honeywell International Inc.
- General Electric Company
- Thales Group
- Rolls-Royce Holdings plc
- United Technologies Corporation
- Leonardo S.p.A.
Market Segmentations
By Type
- Commercial Aircraft
- Aircraft Maintenance
- Repair and Overhauling Services
- Aerospace Support
- Auxiliary Equipment
By Size
- Narrow Body
- Wide Body
By End User
- Private Sector
- Government Sector
By Operation
- Manual Aircraft
- Autonomous Aircraft
By Geography
- North America
- Europe
- Asia-Pacific
- Latin America
- Middle East and Africa
TABLE OF CONTENT
Chapter 1. Introduction
1.1. Research Objective
1.2. Scope of the Study
1.3. Definition
Chapter 2. Research Methodology (Premium Insights)
2.1. Research Approach
2.2. Data Sources
2.3. Assumptions & Limitations
Chapter 3. Executive Summary
3.1. Market Snapshot
Chapter 4. Market Variables and Scope
4.1. Introduction
4.2. Market Classification and Scope
4.3. Industry Value Chain Analysis
4.3.1. Raw Material Procurement Analysis
4.3.2. Sales and Distribution Channel Analysis
4.3.3. Downstream Buyer Analysis
Chapter 5. COVID 19 Impact on Aerospace Market
5.1. COVID-19 Landscape: Aerospace Industry Impact
5.2. COVID 19 – Impact Assessment for the Industry
5.3. COVID 19 Impact: Global Major Government Policy
5.4. Market Trends and Opportunities in the COVID-19 Landscape
Chapter 6. Market Dynamics Analysis and Trends
6.1. Market Dynamics
6.1.1. Market Drivers
6.1.2. Market Restraints
6.1.3. Market Opportunities
6.2. Porter’s Five Forces Analysis
6.2.1. Bargaining power of suppliers
6.2.2. Bargaining power of buyers
6.2.3. Threat of substitute
6.2.4. Threat of new entrants
6.2.5. Degree of competition
Chapter 7. Competitive Landscape
7.1.1. Company Market Share/Positioning Analysis
7.1.2. Key Strategies Adopted by Players
7.1.3. Vendor Landscape
7.1.3.1. List of Suppliers
7.1.3.2. List of Buyers
Chapter 8. Global Aerospace Market, By Type
8.1. Aerospace Market Revenue and Volume Forecast, by Type, 2023-2032
8.1.1. Commercial Aircraft
8.1.1.1. Market Revenue and Volume Forecast (2020-2032)
8.1.2. Aircraft Maintenance
8.1.2.1. Market Revenue and Volume Forecast (2020-2032)
8.1.3. Repair and Overhauling Services
8.1.3.1. Market Revenue and Volume Forecast (2020-2032)
8.1.4. Aerospace Support
8.1.4.1. Market Revenue and Volume Forecast (2020-2032)
8.1.5. Auxiliary Equipment
8.1.5.1. Market Revenue and Volume Forecast (2020-2032)
Chapter 9. Global Aerospace Market, By Size
9.1. Aerospace Market Revenue and Volume Forecast, by Size, 2023-2032
9.1.1. Narrow Body
9.1.1.1. Market Revenue and Volume Forecast (2020-2032)
9.1.2. Wide Body
9.1.2.1. Market Revenue and Volume Forecast (2020-2032)
Chapter 10. Global Aerospace Market, By End User
10.1. Aerospace Market Revenue and Volume Forecast, by End User, 2023-2032
10.1.1. Private Sector
10.1.1.1. Market Revenue and Volume Forecast (2020-2032)
10.1.2. Government Sector
10.1.2.1. Market Revenue and Volume Forecast (2020-2032)
Chapter 11. Global Aerospace Market, By Operation
11.1. Aerospace Market Revenue and Volume Forecast, by Operation, 2023-2032
11.1.1. Manual Aircraft
11.1.1.1. Market Revenue and Volume Forecast (2020-2032)
11.1.2. Autonomous Aircraft
11.1.2.1. Market Revenue and Volume Forecast (2020-2032)
Chapter 12. Global Aerospace Market, Regional Estimates and Trend Forecast
12.1. North America
12.1.1. Market Revenue and Volume Forecast, by Type (2020-2032)
12.1.2. Market Revenue and Volume Forecast, by Size (2020-2032)
12.1.3. Market Revenue and Volume Forecast, by End User (2020-2032)
12.1.4. Market Revenue and Volume Forecast, by Operation (2020-2032)
12.1.5. U.S.
12.1.5.1. Market Revenue and Volume Forecast, by Type (2020-2032)
12.1.5.2. Market Revenue and Volume Forecast, by Size (2020-2032)
12.1.5.3. Market Revenue and Volume Forecast, by End User (2020-2032)
12.1.5.4. Market Revenue and Volume Forecast, by Operation (2020-2032)
12.1.6. Rest of North America
12.1.6.1. Market Revenue and Volume Forecast, by Type (2020-2032)
12.1.6.2. Market Revenue and Volume Forecast, by Size (2020-2032)
12.1.6.3. Market Revenue and Volume Forecast, by End User (2020-2032)
12.1.6.4. Market Revenue and Volume Forecast, by Operation (2020-2032)
12.2. Europe
12.2.1. Market Revenue and Volume Forecast, by Type (2020-2032)
12.2.2. Market Revenue and Volume Forecast, by Size (2020-2032)
12.2.3. Market Revenue and Volume Forecast, by End User (2020-2032)
12.2.4. Market Revenue and Volume Forecast, by Operation (2020-2032)
12.2.5. UK
12.2.5.1. Market Revenue and Volume Forecast, by Type (2020-2032)
12.2.5.2. Market Revenue and Volume Forecast, by Size (2020-2032)
12.2.5.3. Market Revenue and Volume Forecast, by End User (2020-2032)
12.2.5.4. Market Revenue and Volume Forecast, by Operation (2020-2032)
12.2.6. Germany
12.2.6.1. Market Revenue and Volume Forecast, by Type (2020-2032)
12.2.6.2. Market Revenue and Volume Forecast, by Size (2020-2032)
12.2.6.3. Market Revenue and Volume Forecast, by End User (2020-2032)
12.2.6.4. Market Revenue and Volume Forecast, by Operation (2020-2032)
12.2.7. France
12.2.7.1. Market Revenue and Volume Forecast, by Type (2020-2032)
12.2.7.2. Market Revenue and Volume Forecast, by Size (2020-2032)
12.2.7.3. Market Revenue and Volume Forecast, by End User (2020-2032)
12.2.7.4. Market Revenue and Volume Forecast, by Operation (2020-2032)
12.2.8. Rest of Europe
12.2.8.1. Market Revenue and Volume Forecast, by Type (2020-2032)
12.2.8.2. Market Revenue and Volume Forecast, by Size (2020-2032)
12.2.8.3. Market Revenue and Volume Forecast, by End User (2020-2032)
12.2.8.4. Market Revenue and Volume Forecast, by Operation (2020-2032)
12.3. APAC
12.3.1. Market Revenue and Volume Forecast, by Type (2020-2032)
12.3.2. Market Revenue and Volume Forecast, by Size (2020-2032)
12.3.3. Market Revenue and Volume Forecast, by End User (2020-2032)
12.3.4. Market Revenue and Volume Forecast, by Operation (2020-2032)
12.3.5. India
12.3.5.1. Market Revenue and Volume Forecast, by Type (2020-2032)
12.3.5.2. Market Revenue and Volume Forecast, by Size (2020-2032)
12.3.5.3. Market Revenue and Volume Forecast, by End User (2020-2032)
12.3.5.4. Market Revenue and Volume Forecast, by Operation (2020-2032)
12.3.6. China
12.3.6.1. Market Revenue and Volume Forecast, by Type (2020-2032)
12.3.6.2. Market Revenue and Volume Forecast, by Size (2020-2032)
12.3.6.3. Market Revenue and Volume Forecast, by End User (2020-2032)
12.3.6.4. Market Revenue and Volume Forecast, by Operation (2020-2032)
12.3.7. Japan
12.3.7.1. Market Revenue and Volume Forecast, by Type (2020-2032)
12.3.7.2. Market Revenue and Volume Forecast, by Size (2020-2032)
12.3.7.3. Market Revenue and Volume Forecast, by End User (2020-2032)
12.3.7.4. Market Revenue and Volume Forecast, by Operation (2020-2032)
12.3.8. Rest of APAC
12.3.8.1. Market Revenue and Volume Forecast, by Type (2020-2032)
12.3.8.2. Market Revenue and Volume Forecast, by Size (2020-2032)
12.3.8.3. Market Revenue and Volume Forecast, by End User (2020-2032)
12.3.8.4. Market Revenue and Volume Forecast, by Operation (2020-2032)
12.4. MEA
12.4.1. Market Revenue and Volume Forecast, by Type (2020-2032)
12.4.2. Market Revenue and Volume Forecast, by Size (2020-2032)
12.4.3. Market Revenue and Volume Forecast, by End User (2020-2032)
12.4.4. Market Revenue and Volume Forecast, by Operation (2020-2032)
12.4.5. GCC
12.4.5.1. Market Revenue and Volume Forecast, by Type (2020-2032)
12.4.5.2. Market Revenue and Volume Forecast, by Size (2020-2032)
12.4.5.3. Market Revenue and Volume Forecast, by End User (2020-2032)
12.4.5.4. Market Revenue and Volume Forecast, by Operation (2020-2032)
12.4.6. North Africa
12.4.6.1. Market Revenue and Volume Forecast, by Type (2020-2032)
12.4.6.2. Market Revenue and Volume Forecast, by Size (2020-2032)
12.4.6.3. Market Revenue and Volume Forecast, by End User (2020-2032)
12.4.6.4. Market Revenue and Volume Forecast, by Operation (2020-2032)
12.4.7. South Africa
12.4.7.1. Market Revenue and Volume Forecast, by Type (2020-2032)
12.4.7.2. Market Revenue and Volume Forecast, by Size (2020-2032)
12.4.7.3. Market Revenue and Volume Forecast, by End User (2020-2032)
12.4.7.4. Market Revenue and Volume Forecast, by Operation (2020-2032)
12.4.8. Rest of MEA
12.4.8.1. Market Revenue and Volume Forecast, by Type (2020-2032)
12.4.8.2. Market Revenue and Volume Forecast, by Size (2020-2032)
12.4.8.3. Market Revenue and Volume Forecast, by End User (2020-2032)
12.4.8.4. Market Revenue and Volume Forecast, by Operation (2020-2032)
12.5. Latin America
12.5.1. Market Revenue and Volume Forecast, by Type (2020-2032)
12.5.2. Market Revenue and Volume Forecast, by Size (2020-2032)
12.5.3. Market Revenue and Volume Forecast, by End User (2020-2032)
12.5.4. Market Revenue and Volume Forecast, by Operation (2020-2032)
12.5.5. Brazil
12.5.5.1. Market Revenue and Volume Forecast, by Type (2020-2032)
12.5.5.2. Market Revenue and Volume Forecast, by Size (2020-2032)
12.5.5.3. Market Revenue and Volume Forecast, by End User (2020-2032)
12.5.5.4. Market Revenue and Volume Forecast, by Operation (2020-2032)
12.5.6. Rest of LATAM
12.5.6.1. Market Revenue and Volume Forecast, by Type (2020-2032)
12.5.6.2. Market Revenue and Volume Forecast, by Size (2020-2032)
12.5.6.3. Market Revenue and Volume Forecast, by End User (2020-2032)
12.5.6.4. Market Revenue and Volume Forecast, by Operation (2020-2032)
Chapter 13. Company Profiles
13.1. Boeing Company
13.1.1. Company Overview
13.1.2. Product Offerings
13.1.3. Financial Performance
13.1.4. Recent Initiatives
13.2. Airbus SE
13.2.1. Company Overview
13.2.2. Product Offerings
13.2.3. Financial Performance
13.2.4. Recent Initiatives
13.3. Lockheed Martin Corporation
13.3.1. Company Overview
13.3.2. Product Offerings
13.3.3. Financial Performance
13.3.4. Recent Initiatives
13.4. Northrop Grumman Corporation
13.4.1. Company Overview
13.4.2. Product Offerings
13.4.3. Financial Performance
13.4.4. Recent Initiatives
13.5. Raytheon Technologies Corporation
13.5.1. Company Overview
13.5.2. Product Offerings
13.5.3. Financial Performance
13.5.4. Recent Initiatives
13.6. General Dynamics Corporation
13.6.1. Company Overview
13.6.2. Product Offerings
13.6.3. Financial Performance
13.6.4. Recent Initiatives
13.7. Safran S.A.
13.7.1. Company Overview
13.7.2. Product Offerings
13.7.3. Financial Performance
13.7.4. Recent Initiatives
13.8. BAE Systems plc
13.8.1. Company Overview
13.8.2. Product Offerings
13.8.3. Financial Performance
13.8.4. Recent Initiatives
13.9. Honeywell International Inc.
13.9.1. Company Overview
13.9.2. Product Offerings
13.9.3. Financial Performance
13.9.4. Recent Initiatives
13.10. General Electric Company
13.10.1. Company Overview
13.10.2. Product Offerings
13.10.3. Financial Performance
13.10.4. Recent Initiatives
Chapter 14. Research Methodology
14.1. Primary Research
14.2. Secondary Research
14.3. Assumptions
Chapter 15. Appendix
15.1. About Us
15.2. Glossary of Terms
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